TRADE AND MARKETS IN BYZANTIUM, Cecile Morrisson, Dumbarton Oaks, 2012
How are markets in antiquity to be characterized? As comparable to modern free markets, with differences in scale, not quality? As controlled and dominated by the state? Or as a third way, in completely different terms, as free but regulated? In Trade and Markets in Byzantium seventeen scholars address these and related issues by reexamining and reinterpreting the material and textual record from Byzantium and its hinterland for local, regional, and interregional trade. Special emphasis is placed on local trade, the least studied of the three. To understand the recovery of long-distance trade from its eighth-century nadir to the economic prosperity enjoyed in the eleventh and twelfth centuries the authors analyze the variety and complexity of the exchange networks, the role of money as a measure of exchange, and the character of the local markets. This collection of ground-breaking research will prove to be indespensable for anyone interested in the economic history of antiquity and the medieval period.